Word: arco
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...afternoon speech at the ARCO forum yesterday, Reform Party presidential candidate Patrick Buchanan attempted to establish himself as a viable third-party candidate, but an overflowing audience made it clear that it would not forget his controversial past...
Opposing sides of the abortion debate looked for common ground but found little at a packed discussion at the ARCO Forum last night...
...African AIDS epidemic will spiral out of control if afflicted countries and the U.S. do not devote significantly more resources to the problem, a group of AIDS activists told a crowd of several hundred at the ARCO forum last night...
Those with a soft spot for polysyllabic corporate monikers can rejoice - the BP Amoco-Arco deal is on again. When first announced late last year, the $30 billion merger raised eyebrows among federal regulators, who moved to block the deal in court. The big problem wasn't size - after all, Exxon and Mobil last year combined in an $80 billion deal. Rather, according to the Federal Trade Commission, it was the fact that the combined entity would own 70 percent of Alaska's oil fields, giving it a monopolistic hold on West Coast gasoline prices...
...order to get around the government's objections, the firms announced Wednesday that they'd reached an agreement to sell Arco's Alaska holdings to Phillips Petroleum for about $6 billion. The court, in turn, was expected to suspend court hearings indefinitely, with the FTC vowing to sit back down with the firms and make a good-faith effort to hammer out a deal. Of course, this is all still cold comfort to drivers on the West Coast who, for a different reason - OPEC production controls - are currently paying nearly $2 per gallon...